Hydro signs long-term power contract with Alpiq
London, 15 April 2024, (Oilandgaspress): – Hydro Energi AS has signed a long-term power purchase agreement (PPA) with Swiss energy provider Alpiq for the total delivery of 0.54 TWh during the period of 2025-2033.
The PPA will be part of Hydro’s Nordic power portfolio, which consists of captive power production of 9.4 TWh per year and a long-term contract portfolio of around 10 TWh.
Access to renewable power and modern technology enables Hydro to produce aluminium in Norway with a carbon footprint of about 75 percent less than the global average. Long-term power purchase agreements at competitive prices are crucial for Hydro to continue to lead the way in low-carbon aluminium globally.
The contract with Alpiq will be delivered to the SE3 price area.
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